According to the new documents announced by US officials, Ripple $2.34Founding partner Chris LarsenThe XRP, worth $ 150 million from the personal crypto currency wallet, turned out to be linked to the LastPass security violation in 2022. Blockchain researcher ZachxbtThe documents pointed out that Larsen’s special keys were stored in the Hack’s LastPass system. The weak protection of the passwords stolen in the 2022 attack led Hackers to access Larsen’s XRP.
How did the hack attack that hit Lastpass?
The Hack attack in 2022, which targeting Lastpass, began with the seizure of a developer account and infiltrated the company’s cloud storage system. Hackers stole the encryption data and customer information of 25 million users. Although the passwords have been encrypted, users use simple or repetitive main passwords allowed hackers to break the data with the “Brute Force” method.
Larsen’s special keys were among these data. Hack in January 2024 is worth $ 150 million at the time of hacking XRP‘s, as of March 2024 with the rise in Altcoin’s prices increased over $ 600 million. Larsen announced that the incident only affected his personal accounts and that Ripple’s systems were safe.
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Security concerns in the crypto money market
Lastpass Hack Crypto Money Markettheir effects continue. Safety The Security Alliance (Seal) estimates that losses connected to this hack by May 2024 have exceeded $ 250 million. The use of users on special switches on central platforms can pave the way for similar attacks.
As Zachxbt emphasized, Larsen’s loss once again revealed the importance of security measures. Experts, crypto currency It recommends that investors use multi -factor authentication (2FA) and store wallet switches on physical devices. Lastpass acknowledges that it has strengthened its infrastructure since 2022, but the effects of the hacking attack are still ongoing.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
